PSE Circular for Brokers No. 475-98

March 25, 1998 PSE CIRCULAR FOR BROKERS NO. 475-98 SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. March 23, 1998 Date of Report (Date of earliest event reported) 2. SEC Identification No. A1997-9443 3. BIR Tax Identification No. 005-009-109 4. Exact name of registrant as specified in the charter Queenbee Resources Corporation 5. Philippines 6. [ ] (SEC Use Only) Province, country or other jurisdiction Industry of incorporation or organization Classification Code: 7. 6th Floor, Jollibee Centre, San Miguel Avenue, Pasig City Address of principal office Postal Code 8. (632) 6341111 Registrant's telephone number, including area code 9. Not Applicable Former name, former address, and former fiscal year, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Title of Each Class Number of Securities Outstanding Covered Warrants 220,000,000 11. Indicate the item numbers reported herein: ___________________ Item 9. Other Events The attached announcement will be publish on March 25, 1998 in a newspaper of general circulation. SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. (SGD.) FRANCES T. YUYUCHENG Legal Counsel